Insights articles https://www.gam.com What Does the General Election Result Mean for UK Equities? https://www.gam.com/en/insights-content/2017/thematic/what-does-the-general-election-result-mean-for-uk-equities/ 2017-06-27T00:00:00 Stocks Aren't as Pricey as This Ratio Suggests https://www.gam.com/en/insights-content/2017/investment-opinions/stocks-arent-as-pricey-as-this-ratio-suggests/ The Shiller P/E ratio is high, but a valuation-based crash is unlikely so long as global earnings continue to grow. As featured on Bloomberg, chief economist Larry Hatheway explains why. 2017-06-23T00:00:00 Larry Hatheway on Markets - June 2017 https://www.gam.com/en/insights-content/2017/macroeconomics/larry-hatheway-on-markets-june-2017/ Chief economist and Head of GAM Investment Solutions, Larry Hatheway, discusses the outlook for global equity and bond markets, the impact of stalling or falling inflation and the biggest risks for investors over the next quarter. 2017-06-22T00:00:00 M&A: Healthy Volumes set to Continue https://www.gam.com/en/insights-content/2017/thematic/ma-healthy-volumes-set-to-continue/ After a record-breaking start to the year, in terms of transaction numbers and volumes, the merger and acquisitions (M&A) market has slowed down to more normal levels. GAM’s Roberto Bottoli gives his thoughts on the outlook for the remainder of 2017 and the potential opportunities that lie ahead. 2017-06-14T00:00:00 UK General Election Outcome – What Now for markets? https://www.gam.com/en/insights-content/2017/investment-opinions/uk-general-election-outcome-what-now-for-markets/ Charles Hepworth, investment director at GAM, comments on the outcome of the UK General Election. 2017-06-09T00:00:00 UK General Election – What are the Polls Indicating? https://www.gam.com/en/insights-content/2017/investment-opinions/uk-general-election-what-are-the-polls-indicating/ Charles Hepworth, Investment Director at GAM, considers what the outcome of the UK General Election could mean for markets. 2017-06-06T00:00:00 From Policy-Guided to Fundamentally-Driven Markets https://www.gam.com/en/insights-content/2017/investment-opinions/from-policy-guided-to-fundamentally-driven-markets/ The Global Financial Crisis (GFC) was seen by some as having the potential to mark the end of capitalism as we know it. Within financial markets there is plenty of evidence to suggest this has indeed been the case. 2017-06-05T00:00:00 Biopharma Investment Cycle: Expansion Phase Still in Its Early Innings https://www.gam.com/en/insights-content/2017/thematic/biopharma-investment-cycle-expansion-phase-still-in-its-early-innings/ Unlocking the secrets of the human genome at the turn of the millennium ushered in a transformative era in drug discovery. Christophe Eggmann looks forward to the next potentially lucrative stage of the secular biopharma investment cycle. 2017-06-02T00:00:00 Why the End of the Trump Trade is Good for Markets https://www.gam.com/en/insights-content/2017/investment-opinions/why-the-end-of-the-trump-trade-is-good-for-markets/ The so-called Trump trade is in trouble. As featured in Citywire Wealth Manager, Julian Howard, Head of Multi-Asset Solutions at GAM, explains why this is good for markets. 2017-05-31T00:00:00 Larry Hatheway on Markets - May 2017 https://www.gam.com/en/insights-content/2017/macroeconomics/larry-hatheway-on-markets-may-2017/ Chief economist and Head of GAM Investment Solutions, Larry Hatheway, discusses the outlook for global equity and bond markets, the impact of recent political uncertainty in the US and the significance of the forthcoming UK election and monetary policy decisions for markets. 2017-05-25T00:00:00 Cloud + Intelligent Edge = The Fog https://www.gam.com/en/insights-content/2017/thematic/cloud-plus-intelligent-edge-the-fog/ The fourth generation of computing has arrived. But something is different this time around. Mark Hawtin and Chris Woodcock delve into Fog computing and the missing link between the Cloud and the artificial intelligence explosion. 2017-05-17T00:00:00 EM – Why Now? https://www.gam.com/en/insights-content/2017/regional/em-equities-promising-asset-class-for-a-turbulent-2017/ Tim Love, investment director at GAM, discusses the outlook for emerging market equities in 2017 and analyses where the best opportunities are likely to lie in a turbulent political landscape. 2017-05-11T00:00:00 Swiss Equities: From Headwind to Tailwind https://www.gam.com/en/insights-content/2017/thematic/swiss-equities-from-headwind-to-tailwind/ Across the developed world, the reaction of corporate executives facing the post-global financial crisis era of emergency monetary policy and anaemic economic momentum was to deleverage bloated balance sheets and cut costs. While broad efforts to trim the fat across the corporate landscape have been laudable, the efforts of Swiss businesses are worthy of a special mention because they have had to fight significant headwinds during the streamlining process. 2017-05-09T00:00:00 Redefining Safe Havens https://www.gam.com/en/insights-content/2017/market-views/redefining-safe-havens/ As riskier assets defy doomsday expectations amid global economic uncertainty, GAM's Doug Branson warns investors not to blindsided against opportunity in the search for a safe place to hide. 2017-05-04T00:00:00 GAM Investment Conference: Investing into the Future https://www.gam.com/en/insights-content/2017/investment-opinions/gam-investment-conference-investing-into-the-future/ Investors could be forgiven for being distracted by the persistent changes to the geopolitical landscape and for wondering what might happen next to cause further market uncertainty. Paying too much attention to short-term investment trends rather than the importance of longer-term investment planning can prove a costly distraction. The GAM managers give their thoughts on looking long-term for investment success. 2017-05-02T00:00:00 Larry Hatheway on Markets - April 2017 https://www.gam.com/en/insights-content/2017/macroeconomics/larry-hatheway-on-markets-april-2017/ GAM Chief Economist and Head of Investment Solutions Larry Hatheway comments on the outlook for global fixed income and equity markets. 2017-04-28T00:00:00 All Eyes on the UK https://www.gam.com/en/insights-content/2017/market-views/all-eyes-on-the-uk/ Following the triggering of Article 50 and confirmation of the snap election on 8 June, the UK’s political journey is being closely monitored and greatly speculated upon by market participants around the world. GAM Investment Director Tim Haywood comments on why his home market has also become his favourite short. 2017-04-25T00:00:00 The Remote But Real Risk in European Equity Markets https://www.gam.com/en/insights-content/2017/investment-opinions/risk-in-european-equity-markets/ Political risk is very much back on the agenda and even seemingly remote out comes cannot be discounted. While Gianmarco Mondani, Roberto Cantaluppi and Paolo Longinotti are wary of potential turbulence, they are also optimistic about the return to the market of differentiation at the stock level. 2017-04-21T00:00:00 Cheer or Fear? The European Investment Dilemma https://www.gam.com/en/insights-content/2017/investment-opinions/cheer-or-fear/ Europe’s election calendar reads like a political minefield, with prospects appearing all the more bleak with the French elections throwing up the possibility of a break-up of the euro zone and the European Union. Julian Howard, head of Multi Asset Solutions, considers the dilemma this presents for investors, particularly in light of an improving economic and earnings picture for both France and Europe. 2017-04-19T00:00:00 China: An Under-researched Market https://www.gam.com/en/insights-content/2017/thematic/china-an-under-researched-market/ Jian Shi Cortesi, who has been managing a consumer-focused China equity strategy for more than three years, provides an overview of the prevailing stock-picking environment. 2017-04-13T00:00:00 A Game You ‘Probably’ Can't Lose https://www.gam.com/en/insights-content/2017/investment-opinions/you-probably-cant-lose/ GAM Systematic’s Dr Ewan Kirk and Dr Tom Gillam pay a short visit to a world of odds-based binary bets and apply their findings to a more familiar financial landscape. 2017-04-11T00:00:00 Pair Trades to Pare Risk https://www.gam.com/en/insights-content/2017/investment-opinions/pair-trades-to-pare-risk/ In recent years, accessing the cheap beta of equity markets has been one of the best ways to invest. However, with dispersion becoming increasingly evident and potential political storm clouds gathering on the horizon, GAM portfolio managers Andy Kastner and Désirée Mueller ponder whether it might be a good time to reconsider a market neutral approach to investing in European equities. 2017-04-06T00:00:00 Argentina – Expecting Entry Points to Materialise https://www.gam.com/en/insights-content/2017/investment-opinions/argentina-expecting-entry-points-to-materialise/ Argentina’s economic history is complex and unfortunate, characterised by booms and dramatic busts in recent decades. Tim Love, Investment Director for emerging market equities, discusses why Argentinian equities will soon present a buying opportunity. 2017-04-04T00:00:00 Beware a Receding Tide https://www.gam.com/en/insights-content/2017/investment-opinions/beware-a-receding-tide/ As featured in Investment Week, Niall Gallagher, Investment Director for European equities at GAM, considers the outlook for European markets. 2017-03-30T00:00:00 Alternative Risk Premia Are Here to Stay https://www.gam.com/en/insights-content/2017/thematic/alternative-risk-premia-are-here-to-stay/ A Q&A with Lars Jaeger, pioneer of alternative risk premia strategies. Together with his GAM Systematic team, he manages the strategy that invests in risk premia and celebrates the strategy’s five-year anniversary in March. 2017-03-28T00:00:00 Larry Hatheway on Markets - March 2017 https://www.gam.com/en/insights-content/2017/macroeconomics/larry-hatheway-on-markets-march-2017/ GAM Chief Economist and Head of Investment Solutions Larry Hatheway comments on the outlook for global fixed income and equity markets. 2017-03-27T00:00:00 Japan - Taking the Best out of an Underappreciated Market https://www.gam.com/en/insights-content/2017/thematic/taking-the-best-out-of-an-underappreciated-market/ A Q&A with Ernst Glanzmann, Head of Japan, and Reiko Mito, portfolio manager. Together they manage a Japanese equity strategy which celebrates its 25-year anniversary in March. 2017-03-24T00:00:00 Emerging Market Debt – Plenty of Upside Left https://www.gam.com/en/insights-content/2017/thematic/emerging-market-debt-plenty-of-upside-left/ A Q&A with Enzo Puntillo, Head of Fixed Income at GAM in Zurich. Together with his team, he manages various emerging market debt portfolios. The unconstrained “best ideas” strategy just marked its three-year anniversary. 2017-03-23T00:00:00 Preparing for Normalisation https://www.gam.com/en/insights-content/2017/investment-opinions/preparing-for-normalisation/ US stock indices are trading at, or near record highs, US household wealth is booming and US inflation is edging ever closer to the Federal Reserve’s (Fed) 2% target. Anthony Smouha and Gregoire Mivelaz, who co-manage a number of GAM’s credit strategies, ponder the implications of a potential ‘normalisation’ of monetary policy for fixed-income investors. 2017-03-21T00:00:00 Oil Supply Falling Behind Demand https://www.gam.com/en/insights-content/2017/thematic/oil-supply-falling-behind-demand/ The International Energy Agency last week highlighted growing risks to the oil supply as a result of underinvestment. Roberto Cominotto considers the possible implications for the global oil market. 2017-03-16T00:00:00